Business Standard

Monday, December 23, 2024 | 02:32 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Godfrey Phillips sale: Family working to solve differences, says Lalit Modi

The new move comes just days after Lalit Modi, through a series of tweets, had declared war on his family members, saying that all key assets of the K K Modi group were up for sale

Lalit Modi
Premium

Surajeet Das Gupta New Delhi
In an attempt at an “amicable settlement”, Lalit Modi, son of the late industrialist K K Modi, on Thursday said “all family members are working on a solution to safeguard the interest of shareholders”. 

He also reiterated that the group flagship, the tobacco company Godfrey Phillips India (GPI), was not fully conversant with the efforts of the Modi family on an “amicable solution to some issues that are in the process of discussion”.

The new move comes just days after Lalit Modi, through a series of tweets, had declared war on his family members, saying that all key assets of the K

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in